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Compromise Reached in Wyoming on State Bond Threshold

Monday, March 12, 2012

Wyoming SB 107 went to conference committee this week when the House and the Senate could not agree on whether to increase the state bond threshold or maintain it at $100,000. The conference committee compromised and raised the bond threshold from $100,000 to $150,000. We believe that is the best possible result in this situation. That result was achieved with an effort of the combined resources of SFAA, AIA, PCI and CNA as well as several SFAA members locally that contacted the local contractors associations and otherwise wrote letters to key legislators to express their concerns about the bill.

As introduced, SB 107 would have amended the Little Miller Act regarding the bond threshold for contracts with the state, counties, cities, towns, school districts and other political subdivisions to raise the bond threshold from $100,000 to $250,000. The bill also would have amended the existing code provisions for cities and towns and the procurement provisions on construction manager at risk to increase the bond threshold from $100,000 to $250,000. State counsel for CNA, AIA and PCI worked together with SFAA to amend the bill on the House floor to eliminate the threshold increase, but the Senate did not concur and the bill went to conference committee, where the compromise of a $150,000 threshold was achieved We also were able to get provisions included in the bill to require the interim study committee to review the State's bond threshold.